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Alois Hofbauer will be stepping down as Nestle (Malaysia) Bhd CEO effective Nov 30. Nestle said in a statement that Hofbauer’s departure is to pursue other interests outside the group. Hofbauer will be succeeded by Juan Aranols, currently CFO for the Nestle…
Nestle has opened a pop-up bar in Tokyo to mark today’s release of its new sake-flavoured Kit Kat bar. “Craft Sake Week @Kit Kat Bar” has been offering visitors a preview of the new Umeshu Plum Sake-flavoured chocolate bar paired with cocktails. The space is…
Nestlé and Starbucks Corporation announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. Through the alliance, the two…
Nestle (Malaysia) Bhd’s net profit for the second quarter ended June 30 rose 2.93% to RM166.16 million from RM161.44 million a year ago due to higher margin. In a filing with Bursa Malaysia, the company said its gross profit margin increased by 10 basis…
FMCG major Nestle India has reported 49.95 percent jump in net profit at Rs 395.03 crore for the second quarter ended June 30, helped by lower expenses. According to a PTI report: The company, which follows January-December financial year, had posted a net…
Nestle is to pay Starbucks US$7.1 billion for the global rights to sell and distribute Starbucks products outside cafes. The Starbucks rights deal includes Seattle’s Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia packaged…
Nestlé may have struck gold with the release of a new type of Kit Kat made using special “ruby” cacao beans. The new flavor, Kit Kat Chocolatory Sublime Ruby, was launched in select stories in Japan and South Korea on 19 January 19 2018 and shows signs of…
A KitKat flagship store has been launched in Shinsegae’s Gangnam department store in South Korea. It has been opened by Swiss food giant Nestle’s Japanese unit, which has developed special flavours for the chocolate wafer snack in collaboration with chef…
Forget a diamond ring for Valentine’s Day – this has been trumped by a ruby KitKat chocolate snack by Nestle Japan. Its Sublime Ruby KitKat has been unveiled with due ceremony in Tokyo, and has been rolled out in KitKat Chocolatory boutiques across Japan, a…
Blue Bottle Coffee has opened its latest flagship café in Tokyo, the sixth one to open in the Japanese capital, as the American coffee outfit expands its retail footprint in Japan. Located in Sangenjaya, the San Francisco-based café is situated in a 50-year…
JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record…
US brand Blue Bottle Coffee is expected to open in South Korea soon, followed by other Asian countries including China, Hong Kong and Taiwan. “We’re developing our contact here,” CEO Bryan Meehan said while attending the World Coffee Leaders Forum at the…
Chocolate wafer snack Kit Kat is to have a flagship store in Seoul, being launched by Nestle Japan in co-operation with Nestle Korea. The Swedish snack company’s Japanese branch is known for its exclusive “chocolatory”, which offers special flavours and…
Lazada Singapore has unveiled three new shops on its online marketplace, in a bid to bolster its e-tail offering and win consumers during its ‘birthday sale’. Lazada has launched ‘shop-in-shops’ for international heavyweights Coca-Cola, Nestle and Redmart,…
Shopify, the cloud-based, multi-channel platform designed for small and medium-sized businesses, has reported a 90 per cent increase in revenues for 2016. GMV rose 99 per cent to US$15.4 billion, figures which “speak to the enormous opportunity in retail…
Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter…
